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Suburb Insights ยท VIC 3088

Greensborough 3088, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Greensborough is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 21,070, making it a sizeable community. Located approximately 18 km from the Melbourne CBD, Greensborough is a middle ring area in Victoria. The median household income is $107,900 AUD per year (ABS 2021 Census).

Investment Score

77 / 100 Good

Strong household incomes in Greensborough underpin solid property demand.

Location

Map shows Greensborough, Victoria, Australia.

Key Indicators

Postcode
3088

Official Australia Post postcode for Greensborough. A postcode may cover multiple suburbs.

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Population
21,070

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$404/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$107,900/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
18 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
5

Estimated 5 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
8

Estimated 8 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
80% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Greensborough's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $404/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $107,900/year supports premium property values and indicates a well-employed resident base. 80% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Greensborough's established location and strong demographics make it well-suited to a long-term buy-and-hold strategy.

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Rental Yield

Rental yields in Greensborough are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Older housing stock in Greensborough combined with strong buyer demand creates solid renovation upside.

Risk Factors

Run the numbers on a Greensborough property

Full Property Analysis

30-year projections for Greensborough

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

Greensborough enters 2026 with positive growth momentum, supported by strong local demographics and sustained demand. Tenant competition in Greensborough continues to intensify, supporting landlords and rent stability. Greensborough remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Greensborough a good suburb for investment?

Greensborough is a middle ring area in Victoria with a population of 21,070. The median rent is $404/week and the median household income is $107,900/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Greensborough?

Key demand drivers in Greensborough include established amenities and transport access. 80% of dwellings are separate houses. The area has approximately 5 schools and 8 parks nearby.

What is the population of Greensborough?

According to the ABS 2021 Census, Greensborough has a population of approximately 21,070. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Greensborough from the Melbourne CBD?

Greensborough is approximately 18 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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